Hostile-Takeover

Oracle Launches Hostile Takeover Bid for PeopleSoft Worth $5.1 Billion

2003-06-06 00:00:00 +0000 UTC | Importance: 8/10

Oracle Corporation launched an unsolicited hostile takeover bid for PeopleSoft on June 6, 2003, with an initial cash tender offer of $16.00 per share, valuing the enterprise software competitor at approximately $5.1 billion. The timing proved particularly aggressive, as Oracle announced the bid only …

Oracle Larry Ellison PeopleSoft JD Edwards oracle corporate-consolidation hostile-takeover anti-competitive

Ronald Perelman Receives $750 Million Drexel Blind Pool for Corporate Acquisitions

1985-01-01 00:00:00 +0000 UTC | Importance: 7/10

In 1985, Michael Milken raised a $750 million blind pool for Ronald Perelman through Drexel Burnham Lambert, providing unprecedented capital for corporate takeovers. This financing enabled Perelman to launch a successful hostile takeover of Revlon in November 1985 for $2.7 billion, demonstrating the …

Ronald Perelman Michael Milken Drexel Burnham Lambert corporate-raiders junk-bonds hostile-takeover financial-innovation leveraged-buyout